Monday, 2 March 2009

Saudi Telecom predicts 140% market penetration

Saudi mobile telephone penetration could reach 140 pct accorind to Saudi Telecom Co

The company intends to use the international financial crisis is an opportunity to get acquisitions and licences. Saudi Telecom, which posted a 62-percent drop in fourth-quarter profit, has faced stiffer competition in its home market as it competes with Zain and Etihad Etisalat.

Saudi Telecom also says it expects its revenues to grow at the same pace as they did in 2008 as it taps into a growing market among Saudis for broadband Internet and enterprise services.

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